Procyon Advisors LLC Raises Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Procyon Advisors LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,535 shares of the Wireless communications provider’s stock after acquiring an additional 1,288 shares during the quarter. Procyon Advisors LLC’s holdings in T-Mobile US were worth $4,312,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TMUS. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after purchasing an additional 602,786 shares in the last quarter. FMR LLC lifted its holdings in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the period. Franklin Resources Inc. boosted its stake in shares of T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after buying an additional 590,711 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares during the period. Finally, Barclays PLC increased its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TMUS shares. Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Benchmark boosted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Citigroup increased their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price on the stock. Finally, Tigress Financial increased their price target on T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.74.

Insider Activity

In related news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the transaction, the chief financial officer now owns 61,307 shares in the company, valued at $14,318,249.85. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,200 shares of company stock worth $37,407,303 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 0.7 %

Shares of TMUS stock opened at $215.75 on Friday. The stock’s fifty day moving average price is $229.57 and its 200 day moving average price is $209.94. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The company has a market cap of $250.38 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. On average, research analysts expect that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.